held back, page-8

A takeover offer would be an absolute disaster for anyone, such as me, who has held GBG from the early days of (29 cents). This thing will be multiples of its current price in two years when production begins at Karara. A takeover offer now would probably be $1.30 - $1.60 (versus $4, $5, who knows in 2 years). An acceptance would be a disaster. This huge upside would be captured by China at the expense of existing shareholders.

Like others I have faith in GJ and the board. I would hope that they would never consider any offers until the project is producing. Funding for the project is stitched up. There is no need for the board to be looking at offers and if an offer does get made then hopefully shareholder with a long term view will give them the finger.